Konarka Technologies Named as Nominee for the 2003 World Technology Awards

World Technology Network Nominates Konarka for Award in Energy Category

London, San Francisco — June 24, 2003 — The World Technology Network (WTN) announced today that Konarka Technologies, Inc., the leading developer of polymer photovoltaic products, has been selected as a nominee for this year’s World Technology Awards in the category of Energy. Konarka leverages nanotechnology and conducting polymers to provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications. The award will be presented in association with NASDAQ, Accenture, TIME magazine, Dupont Textiles and Interiors, Technology Review magazine, Science magazine and Genencor International. Konarka’s technology converts sunlight as well as indoor, artificial light into direct current electrical power. The company uses unique, proprietary low-temperature production methods to put the photovoltaic cells onto flexible, lightweight plastics.

"The World Technology Awards program was created to recognize truly extraordinary innovation on a global scale, the sort of work that could be described as creating our collective future and changing our world. Konarka’s contribution in the field of Energy has been outstanding, and the nomination is just an acknowledgement of that fact," said James P. Clark, Founder and Chairman of the World Technology Network.

"Now that Konarka has won several prestigious awards, we are delighted to receive this nomination from some of the most prominent thought leaders in the field of Energy as a validation of our technology," said Dr. Bill Beckenbaugh, President and Chief Executive Officer, Konarka Technologies, Inc.

Nominees for the 2003 World Technology Awards were identified based on an intensive, global process in which current WTN members (primarily winners and finalists of previous Awards cycles) made their nominations based on who they think are most innovative and impactful, within their particular field. Winners will be announced on June 25, 2003, in San Francisco, at the World Technology Awards gala ceremony at the conclusion of the two-day World Technology Summit. The World Technology Awards recognize individuals and corporations from twenty technology-related sectors selected by their peers as being the most innovative and doing work that holds the promise to have the greatest long-term significance.

A small selection of those WTN members nominating this year include:

(WTN members nominating this year, continued):

About World Technology Network The World Technology Network is a London-headquartered organization that was created to "encourage serendipity"- happy accidents - amongst those individuals and companies deemed by their peers to be the most innovative in the technology world. WTN’s areas of interest range from IT and communications to biotech, energy, materials, space, as well as related fields such as finance, marketing, policy, law, design, and ethics. Each year, WTN members are brought together through an ongoing global series of Roundtable Dinners, Chapter Meetings and other events. WTN also publishes "World Technology Intelligence", a bi-monthly magazine about what is imminent, possible, and important in the technology world, written largely by its own members - the people driving the most significant innovations. Central events in the WTN calendar include the annual World Technology Summit and World Technology Awards - the culmination of a global judging program through which new members are nominated and selected and by which the network grows and is refreshed. For more information, please contact Jon Holt, Edelman, at , 020 7344 1590 or James P. Clark, Chairman, WTN at .

About Konarka Technologies, Inc. Konarka Technologies, Inc. is the leading developer of polymer photovoltaic products that provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications. Konarka’s photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products. Konarka has a broad portfolio of patents, technology licenses and a technical team that includes Nobel Laureate Professor Alan Heeger (UC Santa Barbara), Dr. Michael Grätzel (Ecole Polytechnic Fédérale de Lausanne) and Dr. N. Serdar Sariciftci (Johannes Kepler University). Konarka is funded by Draper Fisher Jurvetson, Zero Stage Capital, Ardesta LLC, NGEN, ChevronTexaco and Eastman Chemical Company. Konarka Technologies is headquartered in Lowell, MA and has subsidiaries in Linz, Austria and Zug, Switzerland. For more information, visit www.konarkatech.com or contact Joe Romano, Partner, HighGround, Inc. at 781-279-1320 x 208 or .